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Project
Finance is a technique employed for the purpose of mobilizing
capital for very large start-up projects, or greenfields, based on
the cash flow merits of the project, usually with little or no
external support provided by parent companies in the form of
guarantees.
Financing Large Projects is possibly the most comprehensive book
written yet on the art of Project Finance. Unlike other books,
this book addresses the financial, technical, legal and
environmental aspects of financing complex projects. In explaining
the principles involved, the authors have followed the project
development cycle illustrating how projects are evolved from
inception, usually through international competitive bidding, to
financial closure when all debt and equity needed to construct and
operate the project has been mobilized. The book is particularly
thorough in explaining the criteria used by bankers and lawyers to
distinguish projects that are bank-able from those that are not.
It has some good sections, particularly apt for banking
professionals, on the intricacies of international law as it
impinges on project finance.
This is a must-have book for the student of finance, law the
would-be banker, and a handy reference source for continuing
education professionals.
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